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2011 saab 9-3 Reviews and News

Saab's Parts Division Being Sued by BMW Regarding Unpaid Parts

By
Jason Udy
- 08/24/2012

Saab Automobile Parts AB, the former parts division of Saab, is being sued by BMW for $3.2 million over unpaid deliveries of spare parts allegedly ordered by the automaker before its December 2011 bankruptcy, Fox Business reports.

When is a Saab 9-3 not a Saab 9-3? Perhaps when it's the next-generation Saab 9-3. Company executives are apparently suggesting the next-gen model may adopt a different moniker -- perhaps one ripped from Saab's storied pass.

After receiving a loan from Chinese automaker Hawtai earlier this week, Saab has announced that the next-generation 9-3 will be produced in China, according to Go Auto. The loan, worth 150 million Euros, entitles Hawtai to a 29.9-percent stake in Saab. Although Hawtai will be manufacturing Saab vehicles in China, Go Auto reports that they aren’t destined for export to other markets and will be strictly for Chinese consumption. Saab was previously only importing its cars sold in China, working with China Automobile Trading Company to do so.

Still clawing its way to survive, Saab got a bit of goods news today when the Sweden debt office approved their financing deal. Now, the automaker must wait on a decision from the European Investment Bank (EIB).

Though going through some financial troubles, Saab is determined to plow through, and come out a stronger company at the end of the hardships. During his speech at the New York auto show today, CEO Victor Mueller spoke about how the company is working on receiving liquid capital and continuing to produce models. Within the past year, it has already introduced three new models, and is planning to replace the oldest model in its lineup -- the 2011 9-3 -- in October of next year.

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